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The Green, Otterton, Budleigh Salterton

South West

£475,000
Listed on 20/06/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1892 sqft

Description

This Grade II Listed thatched cottage presents a unique opportunity for renovation and investment in the scenic village of Otterton. With four bedrooms, the property showcases a blend of historic charm and potential for modern updates, making it an appealing choice for those looking to create their ideal home. Located in East Devon, Otterton is surrounded by stunning countryside and is comfortably situated between Sidmouth and Budleigh Salterton. The village features essential amenities such as a primary school, community shop, local pub, and the well-known Otterton Mill, which includes a Craft Centre, bakery, and restaurant. For outdoor enthusiasts, the area offers easy access to the Jurassic Coast—the world heritage site—just half a mile away, along with various nature reserves known for their rich birdlife. Millside Cottage is positioned only three miles from Budleigh Salterton's seafront, with local bus services providing connections to Sidmouth and Exmouth. The Cathedral City of Exeter can be reached easily by car or public transport, offering extensive facilities and transport links including train services on major lines and access to the M5 motorway. The property boasts a spacious south-facing garden spread across three levels, featuring a well-maintained lawn surrounded by mature shrubs and fruit trees—ideal for those looking to cultivate outdoor space or entertain. A gated driveway provides parking for several vehicles along with access to a detached garage. Inside the cottage, you’ll find generous living areas including a sitting room and a double-glazed conservatory that brings in natural light. The kitchen comes equipped with an electric oven and hob alongside utility space and convenient ground-floor cloakroom facilities. Upstairs are four well-sized bedrooms; one is currently utilized as a study but could easily serve as an additional bedroom or guest space. The main bedroom enjoys an en-suite shower room while the family bathroom accommodates the remaining rooms. Though some modernisation would enhance its appeal, the property does feature electric heating and partial double glazing; significant upkeep has already been completed on the thatched roof. With no onward chain involved, this cottage offers not only historical character but also substantial investment potential within a desirable location—making it an excellent opportunity for those willing to put their personal touch on this unique property. Mains water, electricity, and drainage are connected, with options for both standard and ultrafast broadband available in the area. While there’s generally good mobile coverage outdoors from multiple providers, potential buyers should be aware of specific covenants on the title; details can be provided upon

Investment Analysis

(EX9 area)

Below Market Value

This property is priced -36.2% below area average per sq ft

-36.2%
Potential saving
This Property
£251/sq ft
Area Average
£393/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£818,744
10% above area average per sq ft
Potential ROI
+59.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (EX9)

Area prices are rising by +3.3% over the last 12 months
3 year growth: 2.6%
5 year growth: 27.9%
Investment Disclaimer: Analysis based on EX9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Green, Otterton, Budleigh Salterton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE